Patrick P. Goris Sells 527 Shares of Rockwell Automation, Inc. (ROK) Stock

Rockwell Automation, Inc. (NYSE:ROK) CFO Patrick P. Goris sold 527 shares of Rockwell Automation stock in a transaction on Monday, December 4th. The stock was sold at an average price of $190.57, for a total transaction of $100,430.39. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Shares of Rockwell Automation, Inc. (NYSE:ROK) traded up $2.91 during trading on Thursday, reaching $190.59. 1,156,700 shares of the company’s stock were exchanged, compared to its average volume of 879,440. The company has a market cap of $24,117.42, a price-to-earnings ratio of 27.80, a PEG ratio of 2.11 and a beta of 1.23. Rockwell Automation, Inc. has a 1-year low of $133.61 and a 1-year high of $210.72. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.80 and a current ratio of 2.06.

Rockwell Automation (NYSE:ROK) last announced its quarterly earnings results on Wednesday, November 8th. The industrial products company reported $1.69 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.72 by ($0.03). The firm had revenue of $1.67 billion during the quarter, compared to the consensus estimate of $1.67 billion. Rockwell Automation had a return on equity of 38.67% and a net margin of 13.08%. Rockwell Automation’s revenue was up 8.4% on a year-over-year basis. During the same period last year, the business earned $1.52 EPS. sell-side analysts expect that Rockwell Automation, Inc. will post 7.39 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, December 11th. Shareholders of record on Monday, November 13th will be issued a $0.835 dividend. This represents a $3.34 dividend on an annualized basis and a yield of 1.75%. The ex-dividend date of this dividend is Friday, November 10th. This is a positive change from Rockwell Automation’s previous quarterly dividend of $0.76. Rockwell Automation’s dividend payout ratio (DPR) is 52.68%.

A number of brokerages recently commented on ROK. Morgan Stanley reiterated an “equal weight” rating and issued a $173.00 target price (up previously from $168.00) on shares of Rockwell Automation in a research report on Monday, October 2nd. Citigroup lifted their target price on shares of Rockwell Automation from $187.00 to $200.00 and gave the stock a “neutral” rating in a research report on Friday, November 10th. Oppenheimer reiterated a “hold” rating on shares of Rockwell Automation in a research report on Friday, August 18th. Cowen reiterated a “hold” rating and issued a $140.00 target price on shares of Rockwell Automation in a research report on Sunday, September 17th. Finally, cut shares of Rockwell Automation from a “hold” rating to a “reduce” rating in a research report on Thursday, November 2nd. Three equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $165.00.

A number of institutional investors have recently made changes to their positions in ROK. Old Mutual Global Investors UK Ltd. bought a new stake in Rockwell Automation in the 2nd quarter worth $126,891,000. Ameriprise Financial Inc. boosted its stake in shares of Rockwell Automation by 277.7% during the 2nd quarter. Ameriprise Financial Inc. now owns 1,059,003 shares of the industrial products company’s stock valued at $171,517,000 after purchasing an additional 778,633 shares in the last quarter. BlackRock Inc. boosted its stake in shares of Rockwell Automation by 7.5% during the 2nd quarter. BlackRock Inc. now owns 9,698,308 shares of the industrial products company’s stock valued at $1,570,735,000 after purchasing an additional 679,645 shares in the last quarter. Voya Investment Management LLC boosted its stake in shares of Rockwell Automation by 741.5% during the 2nd quarter. Voya Investment Management LLC now owns 695,922 shares of the industrial products company’s stock valued at $112,712,000 after purchasing an additional 613,225 shares in the last quarter. Finally, Franklin Resources Inc. boosted its stake in shares of Rockwell Automation by 37.9% during the 2nd quarter. Franklin Resources Inc. now owns 1,156,116 shares of the industrial products company’s stock valued at $187,224,000 after purchasing an additional 317,777 shares in the last quarter. 73.04% of the stock is currently owned by institutional investors and hedge funds.

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Rockwell Automation Company Profile

Rockwell Automation, Inc (Rockwell Automation) is a provider of industrial automation power, control and information solutions for manufacturers. The Company operates through two segments: Architecture & Software and Control Products & Solutions. The Architecture & Software segment contains various hardware, software and communication components of the Company’s integrated control and information architecture capable of controlling the customer’s industrial processes and connecting with their manufacturing enterprise.

Insider Buying and Selling by Quarter for Rockwell Automation (NYSE:ROK)

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